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Housing committee asks council to raise AMI cap for trust fund to expand eligibility
Summary
The South Burlington housing committee unanimously requested the council amend housing trust fund rules to allow projects serving higher area‑median incomes (up to 120% AMI in examples) to increase flexibility; councilors asked for the resolution text and deferred action to a future meeting’s consent agenda.
South Burlington — The city’s housing committee asked the City Council to change the eligibility criteria for the Housing Trust Fund so the fund can support projects serving households at higher area‑median income (AMI) levels.
At the meeting, Nora Seneckel, chair of the housing committee, said the committee wants to increase the AMI threshold to allow greater flexibility when evaluating proposals. “We want to increase the AMI for grants and fundings for funding projects through the housing trust…
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